_________________________________________________________________________________________________ Cyber Security
l supply chains
How can the logistics and transport sector combat rising threats ?
Gary Cannon , Transport Practice Lead at global cyber security firm NCC Group , shares his thoughts on the cyber threats facing the logistics sector and how companies can mitigate risk to protect the operations of the global supply chain .
As the world becomes more connected and reliant on technology , the transport and logistics sector is operating at pace . The integration of AI and automation has boosted operational efficiencies in global supply chains . However , advancements introduce new cyber risks that organizations must proactively address .
According to IMARC ’ s Logistics Market Report , the global logistics market is a vast , expanding sector , integral to the movement of goods and services worldwide . In 2024 , the market size was estimated at USD 5.7 trillion , and projections indicate that by 2033 , it will reach around USD 8.1 trillion , with a compound annual growth rate of 4.02 percent during the period from 2025 to 2033 .
With much of the global supply chain reliant on technology , an incident can create a domino effect , causing chaos and halting operations . As technology evolves , the sector has become a target for cyber criminals that seek to exploit vulnerabilities in operational systems or hold data hostage via ransomware attacks . The IBM ’ s 2023 ‘ Cost of a Data Breach ’ report found that one in five supply chain businesses are likely to experience a data breach . It ’ s key to understand the risks posed to supply chains and how to prevent attacks .
tlimagazine . com 17